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10/21/2011 1:47PM

NBA Talks Break Down, With Sides Far Apart

Labor negotiations between the NBA and its players union broke down again on Thursday night after a three-day federal mediation session left the two sides far apart on an agreement. Scott Cacciola has the latest on Lunch Break.

This transcript has been automatically generated and may not be 100% accurate.

go ... all ... me ... the stock market they are not so ... basketball NBA talks frozen breaking down not good Scott can see a lot ... of what's going on a kick in to get ... into the system as a base today on the way they are and I wanted to know ... worse bring us up-to-date on some in the union in the ... of the week and the players enough about thirty hours over the course of three days with federal mediator ... and to yesterday talks broke down indefinitely there's no scheduled resumption of those talks ... of the federal leadership mediator to throw his head and said another bolstered taking provide positions ... of the main difference between the two sides is how this with the annual revenues of four billion dollars in revenues ... was intending to pass this plant ... the most recent collector bargaining agreement was fifty seven percent but the players and um ... they agreed to go down to fifty three percent ... the owners have proposed a fifty fifty split ... of ... the early the players went down to fifty two point five yesterday that his ... daughters from willing to budge on fifty fifty ... other Vectors and Dazs their stock in the West operetta see again this year ... it's looking different ever and there's less incentive ... for the owners to make an agreement that they've been deleveraging the situation they're not losing as much money as the players ... leaders are to cancel the first two weeks this season ... that ... equates to roughly about a hundred and seventy million dollars in lost a player sour ... so it's not looking bag of salad can get a few players ... you can believe that you want but you're losing real money the owners especially the small market teams ... they can afford public to the season ... you know there's not much at stake ... this is done at this point they're done there's no scheduled resumption um ... at this point I think probably both sides will try to get together again this I were to go from here gap is now looking good and that's ... the concern was that the Commission stated there's no progress on capital gains before Christmas I want to be this tall iced